§ 119. Right of regulation.

All grants, renewals, extensions, or amendments of public utility franchises, whether it be so provided in the ordinance or not, shall be subject to the right of the city:

(1)

To repeal the same by ordinance at any time for failure to begin construction or operation within the time prescribed or otherwise to comply with the terms of the franchise, such power to be exercised only after due notice and hearing.

(2)

To acquire an adequate extension of plant and service, and the maintenance of the plant and fixtures at the highest reasonable standard of efficiency.

(3)

To establish reasonable standards of service and quality of products and prevent unjust discrimination in service or rates.

(4)

(a)

To prescribe the form of accounts kept by each such utility; provided, that if the utility shall keep its accounts in accordance with the uniform system of accounts for said utility prescribed by the National Association of Railroad and Public Utility Commissioners, the Federal Power Commission, the Federal Communications Commission, the Railroad Commission of Texas, their successor, or successors, this shall be deemed sufficient compliance with this paragraph.

(b)

At any time to examine and audit the accounts and other records of any such utility and to require annual and other reports, including reports on local operations by each such public utility.

(5)

To impose such reasonable regulations and restrictions as may be deemed desirable or conducive to the safety, welfare and accommodation to the public.

(6)

To at any time require such compensation and rental as may be permitted by the laws of the state of Texas.